Wal-Mart earnings beat expectations; shares up

November 17, 2015 12:23 PM

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Wal-Mart earnings beat expectations; shares up

Wal-Mart Stores Inc reported stronger-than-expected quarterly earnings on Tuesday as it booked its fifth straight gain in U.S. same-store sales, sending its shares up nearly 3 percent.

Net profit attributable to the world's largest retailer fell to $3.304 billion, or $1.03 per share, in the third quarter ended on Oct 31 from $3.711 billion, or $1.15 per share, a year earlier.

Also read: GM, Ford sales up; FCA down 14.3% in November

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